NDTV·3 min read·medium
RBI Eases Investment Norms For NRIs: How Will It Impact Indian Economy
✦AI Summary
The Reserve Bank of India has simplified investment norms for Non-Resident Indians (NRIs) by allowing a single account for investment, redemption, and repatriation. This move aims to streamline financial processes for NRIs.
Under the revised rules, one account can now be used for investment, redemption and repatriation, funded either through inward remittances.
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